Nordic American Tankers Limited(NAT)Earnings, Financials & Key Ratios
NAT•NYSE
100.9× P/E·Price updated Jun 19, 2026
AboutNordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 24 Suezmax crude oil tankers. The company was formerly known as Nordic American Tanker Shipping Limited and changed its name to Nordic American Tankers Limited in June 2011. The company was incorporated in 1995 and is based in Hamilton, Bermuda.Show more
- Revenue$292M-16.4%
- EBITDA$87M-35.0%
- Net Income$12M-73.7%
- EPS (Diluted)0.06-73.6%
- Gross Margin19.79%-34.8%
- EBITDA Margin29.66%-22.3%
- Operating Margin9.92%-55.1%
- Net Margin4.2%-68.5%
- ROE2.57%-71.1%
NAT Key Insights
Nordic American Tankers Limited (NAT) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 87 (top 13%)
- ✓High quality earnings: Operating CF exceeds net income
✗Weaknesses
- ✗Profits declining 24.5% over 5 years
- ✗Negative free cash flow
- ✗Dividend payout exceeds 100% of earnings
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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NAT Price & Volume
Nordic American Tankers Limited (NAT) stock price & volume — 10-year historical chart
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NAT Growth Metrics
Nordic American Tankers Limited (NAT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-4.13%
5 Years-3.78%
3 Years-4.84%
TTM4.65%
Profit CAGR
10 Years-20.02%
5 Years-24.51%
3 Years-6.69%
TTM51.59%
EPS CAGR
10 Years-26.67%
5 Years-29.79%
3 Years-8.13%
TTM53.75%
Return on Capital
10 Years3.33%
5 Years4.82%
3 Years9.78%
Last Year3.64%
NAT Recent Earnings
Nordic American Tankers Limited (NAT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
May 28, 2026Metric
Actual
Est
EPS
$0.17+6.3%
$0.16
Rev
$79M-3.1%
$82M
Q1 2026
Feb 26, 2026Metric
Actual
Est
EPS
$0.06-58.1%
$0.14
Rev
$59M-22.1%
$75M
Q4 2025
Nov 28, 2025Metric
Actual
Est
EPS
$0.01-110.0%
$0.10
Rev
$75M+6.6%
$70M
Q3 2025
Aug 28, 2025Metric
Actual
Est
EPS
$0.00-113.4%
$0.03
Rev
$67M+25.1%
$53M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 28, 2026 | $0.17vs $0.16+6.3% | $79Mvs $82M-3.1% |
| Q1 2026 | Feb 26, 2026 | $0.06vs $0.14-58.1% | $59Mvs $75M-22.1% |
| Q4 2025 | Nov 28, 2025 | $0.01vs $0.10-110.0% | $75Mvs $70M+6.6% |
| Q3 2025 | Aug 28, 2025 | $0.00vs $0.03-113.4% | $67Mvs $53M+25.1% |
Based on last 12 quarters of dataView full earnings history →
NAT Peer Comparison
Nordic American Tankers Limited (NAT) competitors in Oil and Product Tankers — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 TNK | 2.58B | 74.45 | 7.37 | -22.58% | 42.6% | 21.4% | 0.03 | |
 INSW | 4.18B | 84.49 | 13.56 | -11.38% | 55.39% | 27.13% | 0.29 | |
 DHT | 3.04B | 18.89 | 14.42 | -13.04% | 58.56% | 29.14% | 0.38 | |
 STNG | 4.17B | 80.58 | 11.46 | -24.58% | 48.44% | 15.85% | 0.19 | |
 TK | 1.03B | 11.91 | 10.45 | -22.19% | 7.95% | 4.09% | 0.02 | |
 FRO | 9.11B | 40.93 | 24.08 | -4.16% | 40.19% | 36.04% | 1.22 | |
 ASC | 696.5M | 17.07 | 19.40 | -23.56% | 18% | 9.01% | 0.20 | |
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 |
Compare NAT vs Peers
Nordic American Tankers Limited (NAT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
NAT Income Statement
Nordic American Tankers Limited (NAT) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 297.14M | 289.02M | 317.22M | 354.62M | 195.76M | 339.34M | 391.69M | 349.74M | 292.42M | 334.09M |
Revenue Growth % | -16.87% | -2.73% | 9.76% | 11.79% | -44.8% | 73.35% | 15.43% | -10.71% | -16.39% | 4.65% |
Cost of Goods Sold | 330.8M | 306.12M | 271.77M | 255.81M | 264.29M | 284.37M | 240.91M | 243.61M | 234.55M | 236.78M |
COGS % of Revenue | 111.33% | 105.92% | 85.67% | 72.14% | 135.01% | 83.8% | 61.5% | 69.65% | 80.21% | - |
Gross Profit | -33.66M▲ 0% | -17.1M▲ 49.2% | 45.45M▲ 365.8% | 98.81M▲ 117.4% | -68.53M▼ 169.4% | 54.97M▲ 180.2% | 150.78M▲ 174.3% | 106.14M▼ 29.6% | 57.87M▼ 45.5% | 97.31M▲ 0% |
Gross Margin % | -11.33% | -5.92% | 14.33% | 27.86% | -35.01% | 16.2% | 38.5% | 30.35% | 19.79% | 29.13% |
Gross Profit Growth % | -155.81% | 49.19% | 365.77% | 117.4% | -169.36% | 180.22% | 174.28% | -29.61% | -45.48% | - |
Operating Expenses | 12.57M | 12.73M | 13.48M | 17.59M | 15.62M | 18.8M | 22.89M | 28.82M | 28.87M | 31.3M |
OpEx % of Revenue | 4.23% | 4.4% | 4.25% | 4.96% | 7.98% | 5.54% | 5.84% | 8.24% | 9.87% | - |
Selling, General & Admin | 12.57M | 12.73M | 13.48M | 17.59M | 15.62M | 18.8M | 22.89M | 28.82M | 28.87M | 31.3M |
SG&A % of Revenue | 4.23% | 4.4% | 4.25% | 4.96% | 7.98% | 5.54% | 5.84% | 8.24% | 9.87% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Operating Income | -46.23M▲ 0% | -29.83M▲ 35.5% | 31.97M▲ 207.2% | 81.23M▲ 154.1% | -84.15M▼ 203.6% | 36.18M▲ 143.0% | 127.89M▲ 253.5% | 77.31M▼ 39.5% | 28.99M▼ 62.5% | 66.01M▲ 0% |
Operating Margin % | -15.56% | -10.32% | 10.08% | 22.91% | -42.99% | 10.66% | 32.65% | 22.11% | 9.92% | 19.76% |
Operating Income Growth % | -196.29% | 35.48% | 207.18% | 154.06% | -203.6% | 142.99% | 253.52% | -39.55% | -62.5% | - |
EBITDA | 54.44M | 30.87M | 95.94M | 149.06M | -15.8M | 86.6M | 179.29M | 133.46M | 86.73M | 124.5M |
EBITDA Margin % | 18.32% | 10.68% | 30.24% | 42.03% | -8.07% | 25.52% | 45.77% | 38.16% | 29.66% | 37.26% |
EBITDA Growth % | -60.81% | -43.3% | 210.81% | 55.38% | -110.6% | 648.08% | 107.04% | -25.56% | -35.02% | 12.3% |
D&A (Non-Cash Add-back) | 100.67M | 60.7M | 63.97M | 67.83M | 68.35M | 50.42M | 51.4M | 56.15M | 57.73M | 58.49M |
EBIT | -175.34M | -38.28M | 32.27M | 81.42M | -93.05M | 42.18M | 129.33M | 77.37M | 48.02M | 91.31M |
Net Interest Income | -20.76M | -48.94M | -42.25M | -31.39M | -26.38M | -27.05M | -29.2M | -30.01M | -34.14M | -35.45M |
Interest Income | 347K | 334K | 298K | 0 | 0 | 0 | 1.3M | 731K | 1.61M | 1.55M |
Interest Expense | 21.11M | 49.28M | 42.55M | 31.39M | 26.38M | 27.05M | 30.5M | 30.74M | 35.75M | 36.99M |
Other Income/Expense | -158.66M | -65.4M | -42.25M | -31.19M | -35.27M | -21.05M | -29.06M | -30.68M | -16.72M | -11.69M |
Pretax Income | -204.89M▲ 0% | -95.23M▲ 53.5% | -10.28M▲ 89.2% | 50.03M▲ 586.7% | -119.42M▼ 338.7% | 15.12M▲ 112.7% | 98.83M▲ 553.5% | 46.63M▼ 52.8% | 12.27M▼ 73.7% | 54.32M▲ 0% |
Pretax Margin % | -68.95% | -32.95% | -3.24% | 14.11% | -61.01% | 4.46% | 25.23% | 13.33% | 4.2% | 16.26% |
Income Tax | 83K | 79K | 71K | 0 | 0 | 23K | 120K | -10K | 0 | 0 |
Effective Tax Rate % | -0.04% | -0.08% | -0.69% | 0% | 0% | 0.15% | 0.12% | -0.02% | 0% | 0% |
Net Income | -204.97M▲ 0% | -95.31M▲ 53.5% | -10.35M▲ 89.1% | 50.03M▲ 583.3% | -119.42M▼ 338.7% | 15.1M▲ 112.6% | 98.71M▲ 553.7% | 46.64M▼ 52.7% | 12.27M▼ 73.7% | 54.32M▲ 0% |
Net Margin % | -68.98% | -32.98% | -3.26% | 14.11% | -61.01% | 4.45% | 25.2% | 13.34% | 4.2% | 16.26% |
Net Income Growth % | -4499.84% | 53.5% | 89.14% | 583.32% | -338.69% | 112.64% | 553.67% | -52.75% | -73.69% | 51.59% |
Net Income (Continuing) | -204.97M | -95.31M | -10.35M | 50.03M | -119.42M | 15.1M | 98.71M | 46.64M | 12.27M | 54.32M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.73▲ 0% | -0.67▲ 8.2% | -0.07▲ 89.1% | 0.34▲ 565.1% | -0.74▼ 317.6% | 0.07▲ 110.1% | 0.47▲ 528.3% | 0.22▼ 53.2% | 0.06▼ 73.6% | 0.26▲ 0% |
EPS Growth % | -1414.52% | 8.22% | 89.09% | 565.12% | -317.65% | 110.11% | 528.34% | -53.19% | -73.64% | 53.75% |
EPS (Basic) | -0.73 | -0.67 | -0.07 | 0.34 | -0.74 | 0.07 | 0.47 | 0.22 | 0.06 | - |
Diluted Shares Outstanding | 103.83M | 141.97M | 142.57M | 149.29M | 162.55M | 202.03M | 208.81M | 209.9M | 211.75M | 211.75M |
Basic Shares Outstanding | 103.83M | 141.95M | 142.57M | 149.29M | 162.55M | 202.03M | 208.8M | 209.23M | 211.75M | 211.75M |
Dividend Payout Ratio | - | - | - | 134.4% | - | 150.2% | 90.96% | 188.01% | 690.3% | - |
NAT Balance Sheet
Nordic American Tankers Limited (NAT) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 126.99M | 112.94M | 129.37M | 99.52M | 107.11M | 142.66M | 108.91M | 98.77M | 150.87M | 194.91M |
Cash & Short-Term Investments | 58.36M | 49.33M | 49.67M | 57.85M | 34.74M | 59.58M | 31.08M | 39.18M | 45.86M | 81.12M |
Cash Only | 58.36M | 49.33M | 48.85M | 57.85M | 34.74M | 59.58M | 31.08M | 39.18M | 45.86M | 81.12M |
Short-Term Investments | 0 | 0 | 825K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts Receivable | 22.47M | 22.59M | 24.58M | 6.35M | 9.37M | 20.47M | 26.29M | 16.22M | 19.04M | 23.18M |
Days Sales Outstanding | 27.61 | 28.53 | 28.29 | 6.53 | 17.48 | 22.02 | 24.5 | 16.93 | 23.76 | 19.88 |
Inventory | 23.09M | 20.29M | 22.48M | 19.41M | 20.87M | 49.43M | 42.36M | 28.5M | 37.5M | 38.94M |
Days Inventory Outstanding | 25.47 | 24.19 | 30.19 | 27.69 | 28.83 | 63.44 | 64.18 | 42.7 | 58.35 | 48.54 |
Other Current Assets | 4.38M | 1.83M | 29.26M | 10.44M | 37.27M | 7.2M | 4.87M | 8.64M | 40.07M | 31.18M |
Total Non-Current Assets | 1.14B | 958.17M | 901.53M | 874.83M | 744.04M | 737.22M | 770.29M | 718.82M | 751.3M | 706.35M |
Property, Plant & Equipment | 1.1B | 953.89M | 900M | 872.34M | 742.15M | 735.13M | 770.13M | 715.27M | 748.21M | 703.41M |
Fixed Asset Turnover | 0.27x | 0.30x | 0.35x | 0.41x | 0.26x | 0.46x | 0.51x | 0.49x | 0.39x | 0.44x |
Goodwill | 18.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 12.16M | 4.2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Assets | 15.97M | 83K | 1.53M | 2.48M | 1.9M | 2.09M | 155K | 3.54M | 3.09M | 2.94M |
Total Assets | 1.27B▲ 0% | 1.07B▼ 15.7% | 1.03B▼ 3.8% | 974.35M▼ 5.5% | 851.15M▼ 12.6% | 880.74M▲ 3.5% | 879.2M▼ 0.2% | 817.59M▼ 7.0% | 902.16M▲ 10.3% | 901.26M▲ 0% |
Asset Turnover | 0.23x | 0.27x | 0.31x | 0.36x | 0.23x | 0.39x | 0.45x | 0.43x | 0.32x | 0.36x |
Asset Growth % | -5.88% | -15.7% | -3.75% | -5.49% | -12.64% | 3.48% | -0.17% | -7.01% | 10.34% | 35.73% |
Total Current Liabilities | 25.33M | 36.29M | 59.03M | 39.68M | 67.64M | 72.41M | 70.48M | 59.78M | 67.42M | 64.98M |
Accounts Payable | 3.22M | 3.58M | 8.4M | 4.1M | 6.55M | 6.96M | 3.45M | 4.26M | 2.53M | 5.65M |
Days Payables Outstanding | 3.55 | 4.26 | 11.29 | 5.85 | 9.05 | 8.93 | 5.22 | 6.38 | 3.93 | 6.76 |
Short-Term Debt | 0 | 18.69M | 23.54M | 22.09M | 37.55M | 39.7M | 31.9M | 21.56M | 35.4M | 35.4M |
Deferred Revenue (Current) | 0 | 0 | 11.52M | 140K | 2.76M | 6.15M | 3.95M | 0 | 0 | 0 |
Other Current Liabilities | 0 | 0 | -4.35M | 2.4M | 1.8M | 1.82M | 1.62M | 6.58M | 29.49M | 23.93M |
Current Ratio | 5.01x | 3.11x | 2.19x | 2.51x | 1.58x | 1.97x | 1.55x | 1.65x | 2.24x | 3.00x |
Quick Ratio | 4.10x | 2.55x | 1.81x | 2.02x | 1.27x | 1.29x | 0.94x | 1.18x | 1.68x | 2.40x |
Cash Conversion Cycle | 49.53 | 48.47 | 47.18 | 28.38 | 37.26 | 76.53 | 83.46 | 53.26 | 78.18 | 61.66 |
Total Non-Current Liabilities | 404.67M | 432.79M | 376.45M | 335.54M | 285.28M | 267.49M | 270.41M | 248.99M | 389.22M | 380.33M |
Long-Term Debt | 388.86M | 417.84M | 375.36M | 334.62M | 283.41M | 266.34M | 269.7M | 248.14M | 388.74M | 379.99M |
Capital Lease Obligations | 0 | 0 | 934K | 730K | 1.15M | 535K | 0 | 0 | 0 | 0 |
Deferred Tax Liabilities | -15.81M | -14.95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 15.81M | 14.95M | 153K | 197K | 724K | 615K | 717K | 845K | 483K | 343K |
Total Liabilities | 430M | 469.08M | 435.48M | 375.22M | 352.93M | 340.75M | 340.89M | 308.77M | 456.64M | 445.32M |
Total Debt | 388.86M | 436.53M | 399.83M | 356.71M | 320.96M | 306.04M | 301.6M | 269.7M | 424.14M | 415.39M |
Net Debt | 330.5M | 387.2M | 350.99M | 298.86M | 286.22M | 246.45M | 270.52M | 230.53M | 378.28M | 334.27M |
Debt / Equity | 0.46x | 0.73x | 0.67x | 0.60x | 0.64x | 0.57x | 0.56x | 0.53x | 0.95x | 0.91x |
Debt / EBITDA | 7.14x | 14.14x | 4.17x | 2.39x | - | 3.53x | 1.68x | 2.02x | 4.89x | 3.34x |
Net Debt / EBITDA | 6.07x | 12.54x | 3.66x | 2.00x | - | 2.85x | 1.51x | 1.73x | 4.36x | 2.69x |
Interest Coverage | -8.31x | -0.78x | 0.76x | 2.59x | -3.53x | 1.56x | 4.24x | 2.52x | 1.34x | 2.47x |
Total Equity | 840.52M▲ 0% | 602.03M▼ 28.4% | 595.42M▼ 1.1% | 599.13M▲ 0.6% | 498.22M▼ 16.8% | 539.98M▲ 8.4% | 538.3M▼ 0.3% | 508.81M▼ 5.5% | 445.52M▼ 12.4% | 455.94M▲ 0% |
Equity Growth % | -3.5% | -28.37% | -1.1% | 0.62% | -16.84% | 8.38% | -0.31% | -5.48% | -12.44% | -38.73% |
Book Value per Share | 8.09 | 4.24 | 4.18 | 4.01 | 3.07 | 2.67 | 2.58 | 2.42 | 2.10 | 2.15 |
Total Shareholders' Equity | 840.52M | 602.03M | 595.42M | 599.13M | 498.22M | 539.98M | 538.3M | 508.81M | 445.52M | 455.94M |
Common Stock | 1.42M | 1.42M | 1.47M | 1.51M | 1.84M | 2.09M | 2.09M | 2.12M | 0 | 0 |
Retained Earnings | -209.43M | -308.8M | -10.35M | 0 | -171.33M | -156.23M | -57.52M | -10.87M | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -1.19M | -1.32M | -1.4M | -1.32M | -1.58M | -1.81M | -2.09M | -1.82M | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
NAT Cash Flow Statement
Nordic American Tankers Limited (NAT) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 31.74M | -16.1M | 52.86M | 110.94M | -44.46M | 24.13M | 139.44M | 128.16M | 19.82M | 50.43M |
Operating CF Margin % | 10.68% | -5.57% | 16.66% | 31.29% | -22.71% | 7.11% | 35.6% | 36.64% | 6.78% | - |
Operating CF Growth % | -75.16% | -150.73% | 428.25% | 109.89% | -140.07% | 154.28% | 477.79% | -8.09% | -84.53% | 3397.51% |
Net Income | -204.97M | -95.31M | -10.35M | 50.03M | -171.33M | 15.1M | 98.71M | 46.64M | 12.27M | 54.32M |
Depreciation & Amortization | 102.06M | 76.05M | 68.26M | 72.19M | 71.34M | 54.01M | 52.84M | 57M | 57.73M | 58.49M |
Stock-Based Compensation | 522K | 413K | 156K | 285K | 339K | 476K | 2.2M | 1.85M | 0 | 0 |
Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Cash Items | 121.33M | 3.29M | -1.91M | -40.89M | 65.24M | -13.59M | -18.12M | 1.51M | -32.92M | -62.38M |
Working Capital Changes | 12.8M | -548K | -3.29M | 29.33M | -10.05M | -31.86M | 3.81M | 21.16M | -17.26M | 0 |
Change in Receivables | -4.4M | -120K | -1.99M | 18.11M | -3.02M | -11.1M | -5.81M | 10.06M | -2.88M | 0 |
Change in Inventory | 18.1M | -2.27M | -233K | 11.55M | -7.31M | -18.07M | 7.07M | 13.86M | 2M | 0 |
Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash from Investing | -46.53M | 85.05M | -2.32M | -17.48M | -3.46M | -14.34M | -73.67M | -2.62M | -87.7M | -47.09M |
Capital Expenditures | -37.57M | -4.87M | -2.53M | -18.08M | -17.73M | -95.42M | -73.67M | -2.62M | -134.45M | -120.94M |
CapEx % of Revenue | 12.64% | 1.69% | 0.8% | 5.1% | 9.06% | 28.12% | 18.81% | 0.75% | 45.98% | 36.2% |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 73.85M |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -8.96M | 89.92M | 212K | 602K | 14.26M | 81.07M | 0 | 0 | 46.75M | 0 |
Cash from Financing | -18.96M | -78.03M | -38.25M | -93.08M | 30.51M | 9.01M | -95.67M | -115.05M | 68.99M | -25.81M |
Debt Issued (Net) | -55.36M | -68.1M | -35M | -46.23M | -38.74M | -17.41M | -5.22M | -32.74M | 156.21M | 76.23M |
Equity Issued (Net) | 103.75M | 0 | 17.92M | 20.71M | 80.05M | 49.1M | 0 | 5.38M | 0 | 0 |
Dividends Paid | -54.23M | -9.94M | -14.26M | -67.24M | -9.7M | -22.68M | -89.78M | -87.69M | -84.7M | -99.52M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -3.55M | 0 | 0 |
Other Financing | -13.13M | 0 | -14.19M | -320K | -1.1M | 0 | -669K | 0 | -2.51M | -2.51M |
Net Change in Cash | -23.81M▲ 0% | -9.03M▲ 62.1% | 12.31M▲ 236.3% | 432K▼ 96.5% | -17.42M▼ 4132.9% | 18.65M▲ 207.1% | -29.94M▼ 260.5% | 11.02M▲ 136.8% | 1.48M▼ 86.6% | -22.11M▲ 0% |
Free Cash Flow | -5.83M▲ 0% | -20.97M▼ 260.0% | 50.33M▲ 340.0% | 92.87M▲ 84.5% | -62.19M▼ 167.0% | -71.28M▼ 14.6% | 65.78M▲ 192.3% | 125.54M▲ 90.9% | -116.61M▼ 192.9% | -85.74M▲ 0% |
FCF Margin % | -1.96% | -7.26% | 15.87% | 26.19% | -31.77% | -21.01% | 16.79% | 35.89% | -39.88% | -25.66% |
FCF Growth % | 44.92% | -259.99% | 339.96% | 84.53% | -166.96% | -14.63% | 192.27% | 90.86% | -192.89% | -202.74% |
FCF per Share | -0.06 | -0.15 | 0.35 | 0.62 | -0.38 | -0.35 | 0.31 | 0.60 | -0.55 | -0.40 |
FCF Conversion (FCF/Net Income) | -0.15x | 0.17x | -5.11x | 2.22x | 0.37x | 1.60x | 1.41x | 2.75x | 1.62x | -1.58x |
Interest Paid | 19.48M | 32.3M | 35.62M | 27.13M | 23.39M | 23.45M | 29.04M | 29.89M | 0 | 0 |
Taxes Paid | 102K | 83K | 79K | 71K | 64K | 59K | 23K | 10K | 0 | 0 |
NAT Key Ratios
Nordic American Tankers Limited (NAT) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -23.95% | -13.21% | -1.73% | 8.38% | -21.77% | 2.91% | 18.31% | 8.91% | 2.57% | 11.76% |
Return on Invested Capital (ROIC) | -2.89% | -2.07% | 2.48% | 6.61% | -7.5% | 3.45% | 12.03% | 7.49% | 2.78% | 6.05% |
Gross Margin | -11.33% | -5.92% | 14.33% | 27.86% | -35.01% | 16.2% | 38.5% | 30.35% | 19.79% | 29.13% |
Net Margin | -68.98% | -32.98% | -3.26% | 14.11% | -61.01% | 4.45% | 25.2% | 13.34% | 4.2% | 16.26% |
Debt / Equity | 0.46x | 0.73x | 0.67x | 0.60x | 0.64x | 0.57x | 0.56x | 0.53x | 0.95x | 0.91x |
Interest Coverage | -8.31x | -0.78x | 0.76x | 2.59x | -3.53x | 1.56x | 4.24x | 2.52x | 1.34x | 2.47x |
FCF Conversion | -0.15x | 0.17x | -5.11x | 2.22x | 0.37x | 1.60x | 1.41x | 2.75x | 1.62x | -1.58x |
Revenue Growth | -16.87% | -2.73% | 9.76% | 11.79% | -44.8% | 73.35% | 15.43% | -10.71% | -16.39% | 4.65% |
Related:NAT Dividend History·NAT Revenue History·NAT Price History·NAT P/E History·NAT Financial Ratios·NAT Institutional Holders
NAT Frequently Asked Questions
Nordic American Tankers Limited (NAT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Nordic American Tankers Limited (NAT) reported $334.1M in revenue for fiscal year 2025. This represents a 6244% increase from $5.3M in 1997.
Nordic American Tankers Limited (NAT) saw revenue decline by 16.4% over the past year.
Yes, Nordic American Tankers Limited (NAT) is profitable, generating $54.3M in net income for fiscal year 2025 (4.2% net margin).
Dividend & Returns
Yes, Nordic American Tankers Limited (NAT) pays a dividend with a yield of 6.84%. This makes it attractive for income-focused investors.
Nordic American Tankers Limited (NAT) has a return on equity (ROE) of 2.6%. This is below average, suggesting room for improvement.
Nordic American Tankers Limited (NAT) had negative free cash flow of $85.7M in fiscal year 2025, likely due to heavy capital investments.